Utah is full of great non-profits that provide aid for our state, and charities require donations that can finance their activities. A Utah property donation can improve the community by giving a vacant property to an organization that needs help furthering its mission. Donated farmland may be sold or leased by the charity, or they can operate out of the newly acquired property and provide additional services.
The only requirement to donate a property is that the present owner sign over the deed or title to the farmland to the charity. This is a great way to abdicate a property that isn’t sellable or profitable. The charity may access the value of the real estate itself or transfer it to another deserving charitable group that needs it.
You Can Deduct Your Charity Donation from Your Taxes!
Farmland donations can be a wonderful offset for your taxes. Your property can be valued at a competitive market value, and the sum can be deducted from your tax liability. An attorney or accountant can provide more in-depth information on what your tax savings may be. RealEstateDonation.org has agents available right now to discuss the option of property donations. Call us at 1.888-228-7320 to learn more!
Many Different Types of Utah Farmland Donation Are Available!
- Utah Commercial Farmland Donation
- Rural Farmland Donation in Utah
- Mobile Home Donation in Utah
- Utah Farm and Residential Farmland Donation
Why Should You Donate Farmland or Property in Utah?
-Today’s housing market does not guarantee a return. A charity deduction can provide great tax savings!
Paying realtor fees and insurance on any unused farmland offers little benefit to the owners, especially with an unpredictable market. A property donation can dramatically decrease the amount of taxable income determines your tax burden and reduce the amount you owe to Uncle Sam.
Donating your Utah farmland benefits charitable efforts, but also helps the donor financially. Real estate can be a valuable asset for a charity group and really help them to expand their outreach.
Donation may help you more at tax time than holding on to your unmarketable properties. Contact RealEstateDonation.org now to see if donation is might be the right option!